Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07086951 Ms Zeenat Merchant iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07086951 2023-12-31 07086951 2024-12-31 07086951 2024-01-01 2024-12-31 07086951 frs-core:CurrentFinancialInstruments 2024-12-31 07086951 frs-core:Non-currentFinancialInstruments 2024-12-31 07086951 frs-core:ShareCapital 2024-12-31 07086951 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07086951 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07086951 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07086951 frs-bus:SmallEntities 2024-01-01 2024-12-31 07086951 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07086951 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07086951 frs-bus:Director1 2024-01-01 2024-12-31 07086951 frs-core:CurrentFinancialInstruments 1 2024-12-31 07086951 frs-core:CurrentFinancialInstruments 2 2024-12-31 07086951 frs-core:CurrentFinancialInstruments 3 2024-12-31 07086951 frs-core:CurrentFinancialInstruments 4 2024-12-31 07086951 frs-countries:EnglandWales 2024-01-01 2024-12-31 07086951 2022-12-31 07086951 2023-12-31 07086951 2023-01-01 2023-12-31 07086951 frs-core:CurrentFinancialInstruments 2023-12-31 07086951 frs-core:Non-currentFinancialInstruments 2023-12-31 07086951 frs-core:ShareCapital 2023-12-31 07086951 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07086951 frs-core:CurrentFinancialInstruments 1 2023-12-31 07086951 frs-core:CurrentFinancialInstruments 2 2023-12-31 07086951 frs-core:CurrentFinancialInstruments 3 2023-12-31 07086951 frs-core:CurrentFinancialInstruments 4 2023-12-31
Registered number: 07086951
Property Connect Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07086951
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 90,775 60,000
Cash at bank and in hand 8,259 1,210
99,034 61,210
Creditors: Amounts Falling Due Within One Year 5 (87,851 ) (84,474 )
NET CURRENT ASSETS (LIABILITIES) 11,183 (23,264 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,183 (23,264 )
Creditors: Amounts Falling Due After More Than One Year 6 (28,071 ) (30,882 )
NET LIABILITIES (16,888 ) (54,146 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (16,988 ) (54,246 )
SHAREHOLDERS' FUNDS (16,888) (54,146)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Zeenat Merchant
Director
10/09/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Property Connect Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07086951 . The registered office is 4 Langland Drive , Pinner , Middlesex , HA5 4SA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 29,725 -
Other debtors 60,000 60,000
Other debtors (3) 1,050 -
90,775 60,000
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Bank loans and overdrafts 4,446 4,446
Corporation tax (207 ) 207
Merchant Financial Services Ltd 28,000 51,000
PINN 45,512 27,800
Zenith (1,350 ) 1,000
Other creditors (4) 198 -
Director's loan account 11,252 22
87,851 84,474
Page 2
Page 3
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,071 30,882
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3